Kier awarded c£140m Highways England contract
For release on Tuesday 20 December 2016
KIER GROUP PLC
Kier awarded new Highways England contract worth c£140m and negotiations underway to finalise new Areas 6 and 8 contracts
Kier Group plc ("Kier"), the leading property, residential, construction and services group, confirms that it has been awarded a 15-year contract, valued at c£140m, for repair and maintenance services on Area 13 of the Highways England network.
The new Area 13 contract, which commences on 1 April 2017, will see Kier provide routine and cyclic maintenance, defect repairs, emergency incident response, traffic management and severe weather services. Kier is currently the incumbent operator on Area 13, which covers Cumbria and north Lancashire, and this award builds on its excellent track record in the region, which includes repairs to the flood damaged A591 in December 2015.
In addition, final negotiations are underway to secure a two-year contract to provide maintenance services on Areas 6 and 8, covering East Anglia and the East of England. This new two-year contract is expected to commence on 1 April 2017.
These awards will further build on Kier's market leading position in the strategic highways maintenance sector.
Kier Group's Chief Executive, Haydn Mursell, commented: "We are pleased to have secured the Area 13 contract and look forward to the completion of the negotiations around Areas 6 and 8. These awards reflect Kier's ability to tailor its services to Highways England's evolving delivery model, as well as maintain the Group's leadership in the growing UK highways management and maintenance market. We look forward to working with the Highways England team."
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Enquiries:
Faeth Birch / Daniela Fleischmann (Finsbury) +44 (0)20 7251 3801
Kier press office +44 (0)1767 355903 / +44 (0) 7791 719452
Louise Turner-Smith, Head of Investor Relations, Kier +44 (0)7976 790012
About Kier
Kier Group plc is a leading property, residential, construction and services group. We operate across a range of sectors including defence, education, health, housing, industrials, power, transport and utilities. Kier Highways manages over one third of the UK's strategic road network and maintains 26,000km of local authority roads. It has designed over £1bn of highway projects over the last two years.
Kier currently operates the following highways contracts on behalf of Highways England
· Area 1 to 2017 - Cornwall and Devon including the A30, A35 and A38
· Area 3 to 2018 - Berkshire, Buckinghamshire, Dorset, Hampshire, Surrey and Oxfordshire including the M27, M3, M4, M40, and A3
· Area 7 to 2021- design services covering the East Midlands
· Area 9 to 2019 - Gloucestershire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcester, Herefordshire including the M5, M6, M40, M42, M50, M54, and A5
· Area 13 to 2017 - Cumbria and Lancashire including the M6, M55, A65 and A66
This information is provided by RNS
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